Stripe: Payments Unbundled for Merchant Ease

Stripe, the leading payments processing provider, has announced it will remove its payments service from its broader financial services technology stack in a move to make its products more easily accessible for merchants. 

The fintech giant, which has most recently been valued at US$65bn and processed a marked US$1tn in payment volume over the past year, has changed its strategy after increased competition from the likes of Adyen and PayPal. 

Stripe: De-coupling payments from its tech stack

Now that Stripe’s payments service is unbundled from its tech stack, companies will no longer be tied to processing payments with Stripe in order to access its other products. 

It frees merchants up to use other payment providers should they wish, while still having access to Stripe’s wider services portfolio.

The move away from Stripe’s previous approach is done so to attract new large-scale organisations as clients. 

John Collison, Stripe Co-founder, says: “As we’ve gotten into these larger and larger customers, they have more constraints, you’re dealing with different parts of the organisation, and so this makes it easy to adopt the best parts of Stripe.”